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- Alaska Statutes.
- Title 10. Corporations and Associations
- Chapter 6. Alaska Corporations Code
- Section 562. Merger, Consolidation, or Exchange of Shares Between Domestic and Foreign Corporation.
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AS 10.06.562. Merger, Consolidation, or Exchange of Shares Between Domestic and Foreign Corporation.
One or more foreign corporations and one or more domestic corporations may be merged or consolidated, or participate in
an exchange, if the merger, consolidation, or exchange is permitted by the laws of the state under which each foreign
corporation is organized and
- (1) each domestic corporation complies with the provisions of this chapter with respect to the merger, consolidation, or
exchange of domestic corporations and each foreign corporation complies with the applicable provisions of the laws of
the state under which it is organized; and
- (2) if the surviving or new corporation is to be governed by the laws of another state, it complies with the provisions of
this chapter concerning foreign corporations if it is to transact business in this state and it files with the
- (A) agreement that the surviving or new foreign corporation may be served with process in this state in a proceeding for
the enforcement of an obligation of a domestic corporation that is a party to the merger or consolidation and in a
proceeding for the enforcement of the rights of a dissenting shareholder of a domestic corporation against the
surviving or new corporation;
- (B) irrevocable appointment of the commissioner as the agent of the surviving or new corporation to accept service of
process in a proceeding described in (A) of this paragraph; and
- (C) agreement that it will promptly pay to the dissenting shareholders of a domestic corporation the amount to which they
are entitled under provisions of this chapter with respect to the rights of dissenting shareholders.
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